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Department of Labor filing

SWIFT-SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION, INC

SWIFT 401(K) SAVINGS PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 4, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

78filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$11,863

Reported employer contributions per active participant.

Higher than about 100% of comparable plans
#People in the filing
724

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$147 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 26% of comparable plans
↗Investment performance
Not available

Plan assets changed 11.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202478out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions100th percentileTypical peer $2,435 · based on 60 comparable plans
Lower reported administrative expense26th percentileTypical peer $111 · based on 61 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, SWIFT-SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION, INC reported $8,588,502 in employer contributions across the plan and 724 active participants. That works out to $11,863 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy70%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 14.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 3.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context78/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$8,588,502
Participant contributions
$9,580,530
Other contributions
$2,011,533
Employer share of reported contributions
47.3%
Beginning assets
$261,846,147
Ending assets
$290,669,392
Ending net assets
$290,669,392
Ending liabilities
$0
Total income
$56,212,429
Total expenses
$27,389,184
Administrative expenses
$151,396
Participant loans
$1,967,776

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$10,357
2023
$11,368
2024
$11,863
Plan-paid administrative expenses per participant
2022
$152
2023
$135
2024
$147
Active participants
2022
697
2023
704
2024
724
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$11,863724290.7M20250904152826NAL0009813299001
2023$11,368704261.8M20240913134426NAL0009973681001
2022$10,357697227.2M20231009122330NAL0026578209001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
0.7%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
541106980-002

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
May 1, 1987
Industry
Information
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2S2T3B3D3F

Current plan terms

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Filing ACK_ID20250904152826NAL0009813299001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗